Statement re Share Price Movement

SERABI MINING plc ("Serabi" or "the Company")

                  Comment on recent share activity


The Directors of Serabi note recent activity in its shares and
movements in its share price

As announced by the Company on 18 August 2009, the Directors'
continue to work closely with its advisers on indentifying new
potential funding for the Company and progress discussions with
parties that may result in the sale in whole or part of its mining
and exploration assets.  The Directors are also pursuing
opportunities that might result in an injection of new capital either
into the Company or directly into its Brazilian operating subsidiary.
In addition, the Company is also working to raise "soft loans" from
one of the Brazilian development agencies SUDAM. The Company has
lodged an initial application which has been accepted by the agency
but is still subject to amongst other things, technical and legal due
diligence, approval of the business strategy and financial review of
the business plan.

At this stage there is no further information to impart in respect of
the above discussions and a further announcement will be made in due
course as appropriate.

The Company will be announcing its interim results for the six months
ended 30 June 2009 on 22 September 2009.

Enquiries

Serabi Mining plc

Graham Roberts                  Tel: [phone]
Chairman                        Mobile: [phone]

Clive Line                      Tel: [phone]
Finance Director                Mobile: [phone]


Email: [e-mail]
Website:  www.serabimining.com

Beaumont Cornish Limited
Roland Cornish                  Tel: [phone]
Michael Cornish                 Tel: [phone]

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